Laos Government to Resolve Debt, Fuel, Currency Crises

The commitment to stabilizing the economy was one of 13 issues the cabinet identified as requiring immediate attention during a two-day open government meeting that ended on Friday.

The government resolved to use various means to try to solve the problem of public debt, especially debt created by state enterprises.

According to Government Spokesperson, Ms. Thipphakone Chanthavongsa, the government will negotiate with creditors to postpone the repayment of principal and interest, as well as seek new low-interest loans.

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Latsamy Phonevilay